AusGroup

AusGroup awarded 5-year maintenance contract by Esso (Thailand) - THE EDGE SINGAPORE

Oil & Gas

AusGroup awarded 5-year maintenance contract by Esso (Thailand)

This will see AusGroup Corporation become the Scaffold and Insulation services contractor of the Sriracha Refinery

Contracts

AusGroup clinches multi-year integrated services contract with WesCEF

AusGroup has been awarded an integrated services contract as part of the Wesfarmers Chemicals, Energy & Fertilisers (WesCEF) maintenance panel to provide services to its CSBP and Kleenheat businesses.

Oil & Gas

Crude oil prices see double whammy from Covid-19, Opec+ spat; likely to stay low ahead

SINGAPORE (March 13): Crude oil prices have already taken a blow since the start of 2020. The out­break of the novel coronavirus or Cov­id-19 did not only infect more than 119,000 and kill more than 4,000, but also impeded economic activity. This led to

M&A

AusGroup to buy housing village & facilities on Australia's Melville Island for $11.4 mil

SINGAPORE (Feb 19): AusGroup, the construction and marine services provider, is acquiring an accommodation village plus facilities worth A$11.8 million ($11.4 million). The village comprises a 119-man accommodation camp, kitchen, administration buildin

Results

AusGroup reports 87.9% fall in 2Q earnings to A$0.5 mil on reduced operating activity

SINGAPORE (Feb 13): Construction and engineering company AusGroup saw its earnings fall 87.9% y-o-y to A$0.49 million ($0.47 million) for the 2Q ended Dec 2018 as compared to earnings of A$4.8 million in 2Q18, due to reduced operating activity.

Results

AusGroup reports 16.1% rise in 4Q earnings to $2.7 mil

SINGAPORE (Aug 30): AusGroup announced earnings of A$2.7 million ($2.7 million) for the 4Q ended June, up 16.1% from A$2.4 million a year ago on higher revenue and improved gross margin.

AusGroup wins $11.7 mil contract for turnaround services at liquid ammonia plant

SINGAPORE (May 8): AusGroup’s subsidiary, AGC Industries, has been awarded a contract worth A$11.7 million ($11.7 million) for turnaround services at the Yara Pilbara liquid ammonia plant in Western Australia.

AusGroup bags $27 mil contract for structural, mechanical and piping installation in Western Australia

SINGAPORE (Apr 20): AusGroup’s subsidiary, AGC Industries, has been awarded a contract worth A$27 million ($27.4 million) for a structural, mechanical and piping installation package in Western Australia.

Results

AusGroup 2Q earnings treble to $4.2 mil

SINGAPORE (Feb 13): AusGroup’s 2Q18 earnings almost trebled at A$4.07 million ($4.23 million), compared to A$1.11 million in 2Q17.

Results

AusGroup swings back to profitability; posts 1Q earnings of $3.3 mil

SINGAPORE (Nov 7): AusGroup has swung back to the black in 1Q18, posting earnings of A$3.12 million ($3.3 million) compared to a loss of A$2.08 million in 1Q17.
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